Determination of FIFO Valuation Areas
Use
Function |
Settings in Customizing for Valuation and Account Assignment |
Define the FIFO valuation areas. |
Balance Sheet Valuation Procedures ® Configure LIFO/FIFO Methods ® FIFO ® Configure FIFO Valuation Areas |
The system only runs FIFO valuation for valuation areas that have been maintained. Assign the year of the first FIFO valuation in the R/3 System to each FIFO valuation area as the base year for that valuation area.